Grayskull

What it measures

Grayskull doesn’t calculate over the whole chart: it calculates over the range you mark with the mouse. From that range’s candles and footprint it builds its profile and looks for what the flow left inside: where most and least was traded, where price went through only once, stacked imbalances, big trades and the zones where all of that lines up.

It’s a Pro plan indicator. It only uses the chart’s candles and footprint: no footprint, no profile. It marks what has happened; it isn’t a recommendation or a buy or sell signal.

Built-in strategies

What the indicator already has inside and can mark for you on the chart. They show what has happened; they are not recommendations.

Putting it on the chart

1. On the chart bar, Indicators ▾ › More Indicators… and turn on Grayskull. You’ll find it in the Other category.
2. Hold the X key and drag across the chart, from one end of the range to the other. When you let go, the profile stays in place.
3. You can place several: each one is calculated on its own range. One that reaches the last candle keeps updating with the market.

• Moving it: you drag it along time. It doesn’t move up or down: what defines it is its time range.
• The buttons in its corner: ✕ deletes it, fib turns its Fibonacci on and off and vw shows or hides the session, weekly, monthly and yearly VWAPs.
• Double-click a profile to open its own settings, which only change that one.

How to add and set up an indicator is in Indicators.

How it’s calculated

• Profile: adds up the volume of every candle in the range, price by price. The TPO profile counts in how many sub-periods (15 minutes by default) each price traded; the delta profile, buys minus sells at each price.
• POC: the price with the most volume. VAH and VAL: the edges of the area holding 70% of the volume, adjustable from 50 to 95%.
• HVN and LVN: high and low volume nodes, profile peaks above 1.5 times the average and troughs below 0.4 times. At most 3 of each.
• Single prints: the prices the market went through only once inside the range, by volume and by TPO. One with a stacked imbalance, a big trade or a session VWAP inside is premium; the arrow marks the first candle that comes back to it.
• VWAP-GS: the VWAP anchored to the start of the range and weighted by footprint volume, with ±1σ and ±2σ bands if you turn them on.
• Stacked imbalances: 3 or more prices in a row where one side beats the other by 300%, with at least 30 contracts in the cell.
• Big trades: those of 50 contracts or more inside the range, largest first.
• Loaded zones: where a stacked imbalance, a big trade and a VWAP line up within 2 ticks. Depending on how many coincide: weak load (one), load (two) or premium load (all three).

Settings

In Indicators ▾, the ⚙ on its line has the Grayskull Settings… button: what you change there applies to new profiles and to the ones already placed. The window has a search box, six tabs and templates: save settings under a name and pick one as the default.